SMSF Audit

Triennial audit risks industry contraction

The SMSF audit industry could witness increased contraction and consolidation should the triennial audit cycle policy proposal be legislated. Evolv's Ron Phipps-Ellis discusses this issue in a recent article published by Self Managed Super Magazine. To view the article, please click here>>          

2019-02-15T02:44:00+11:00 October 10th, 2018|Categories: Audit News|Tags: , , , , , , , |Comments Off on Triennial audit risks industry contraction

Evolv’s view on the 2018 Budget – SMSF Audit Cycle

LET'S TAKE ACTION TOGETHER The recent 2018 Federal Budget announcements interestingly included a section on triennial SMSF audits. From 1 July 2019, SMSFs with a history of ‘good record-keeping and compliance’ will only need to have their financial statements audited every 3 years. The smsf industry is a $900B sector that [...]

2018-05-11T14:36:34+11:00 May 11th, 2018|Categories: Audit News|Tags: , , , , , |Comments Off on Evolv’s view on the 2018 Budget – SMSF Audit Cycle

Evolv wins SMSF Auditor of the year award

A proud achievement for Evolv, as we are awarded SMSF Auditor of the Year for the second year running at the 2016 CoreData SMSF Audit Service Provider Awards. Evolv is delighted to have received the SMSF Auditor of the Year award at the 2016 Core Data SMSF Service Provider Awards. The [...]

2017-10-31T05:43:13+11:00 September 27th, 2016|Categories: Audit News|Tags: , , , , |Comments Off on Evolv wins SMSF Auditor of the year award

NALI – Non-arms’s length income

Investments in related unit trusts are a popular investment vehicle for many SMSFs. Often the focus of these investments is ensuring that the unit trust investment complies with a host of legislative requirements in the SIS Act such as: the in-house asset rules, sole purpose test and ensuring all investments are [...]

2017-10-31T06:06:31+11:00 August 11th, 2016|Categories: Audit News|Tags: , , , , , , , |Comments Off on NALI – Non-arms’s length income

Rise in Preservation Age

With the beginning of a financial year upon us, SMSF trustees would have already been busy planning & executing various actions within their funds – reviewing investment strategies, ensuring their records are up to date and audit ready, and documenting pension commencements and commutations. With pension commencements in particular, trustees should [...]

2017-10-31T05:56:25+11:00 July 5th, 2016|Categories: Audit News|Tags: , , , |Comments Off on Rise in Preservation Age